Tag Archives: Economic Sector

US President Barack Obama misinformed on Indian economy: Govt

Just right back when US President Barack Obama yesterday concerned India’s trouble investment scenario, corporate affairs minister Veerappa Moily reportedly said that certain “international trade lobbies” have been spreading such stories that lead Obama misinformed about the country’s strong economic fundamentals. “Certain international lobbies like Vodafone are spreading this kind of a story and Obama [...]

Indian rupee higher on Manmohan Singh’s reforms push

In yet, performing as the weakest in the Asian largest economy almost a decade, the Indian currency now being stronger as the controlling handed to Indian Prime Minister Manmohan Singh as performing role of the Finance minister. Reports said, on Thursday there is push in the performance of rupee that opened today at 56.94/98 to [...]

Pranab to resign as FM among economic crisis today

The present Union Finance Minister of India and UPA’s presidential nominee Pranab Mukherjee is now ready to resign from his post in the second half of the day, but now the question is that who will replace him the government and party? Meanwhile, the economic situation of the country is overcastting and there’s a policy [...]

Indian Rupee opens higher against US dollar

From a last long waited period, value of rupee was sloping down rapidly against the dollar, there was no scope of it’s strengthen value. But record of early trade on Monday brings a big hope among the investors as rupee gained at 55.29 against the US dollar, higher than Friday’s closing. According to source report, [...]

Debt package for three states, hints Pranab Mukherjee

Seeking debt demand of 3 states- West Bengal, Punjab and Kerala, Finance minister Pranab Mukherjee favored Bengal to firstly fulfill their demands for a debt package. On Wednesday over the discussion on the Finance Bill, he said that however packages would be offer to Bengal but not restricted to be just one state. A comprehensive [...]

India to record important reforms in coming 6 months: Kaushik Basu

Within next 6 months, Indian business sector will see with many important reforming changes that are to be positive or negative as compare to present, Chief Economic Advisor Kaushik Basu remarked in his statement at the Washington-based think tank. The reforms are in line of subsidies and diesel decontrol and FDI in retail, but as [...]